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Michigan has an abundant supply of fresh water

Michigan has an abundant supply of fresh water
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Solution Guide / Answer Key:

ECONOMICS

Multiple Choice

           Michigan has an abundant supply of fresh water. However, an economist would consider it a scarce resource because

a.

water is necessary for humans' physical survival

b.

pollution will eventually destroy all life in the Great Lakes

c.

water is limited relative to people's unlimited wants

d.

water commands a very high price

e.

nature can destroy water as well as create it

 

           FILE: MS WORD

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